American Michele Kang agrees deal to buy French club Lyon

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American businesswoman Michele Kang has agreed to purchase the French football club Lyon from the Eagle Football Group. Kang, who has been running the club for a year, plans to inject up to 71 million euros in new capital and personally repay the club's main lenders.

American businesswoman Michele Kang has reached an agreement to buy French club Lyon, which she has run for the past year, current owners Eagle Football Group (EFG) announced on Tuesday. Kang, current CEO of Eagle Football Group, also undertakes to provide "up to 71 million euros of new money to the OL group," and "has personally committed to repaying the debt owed to Eagle Bidco's main lenders" said a statement on the club's website.